Microsoft To Buy Yammer For $1B

[Techtaffy Newsdesk]

This just in.  A Wall Street Journal report by Jessica E. Vascellaro and Shira Ovide, Yammer has agreed to be sold to Microsoft. The price tag is a billion dollars. The WSJ cites people familiar with the matter, as a source for the news.

Yammer is a private social network for companies, that lets users collaborate across departments, geographies, content and business applications within a company. Yammer was integrated with Microsoft Dynamics in April. The integration enabled updates from the CRM solution to appear as activity stories in the Yammer Ticker. With this acquisition, we may start seeing social and collaboration features in other Microsoft products, MS Office, perhaps.

The WSJ confirmation puts to rest intense media speculation on the deal. So far both the companies have been tight-lipped.

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